Thu Sep 26 15:03:32 UTC 2024: ## Sei Investments Cuts Stake in MarketAxess, Other Funds Make Changes

**New York, NY** – Sei Investments Co. reduced its holdings in MarketAxess Holdings Inc. (NASDAQ: MKTX) by 29.7% during the second quarter, according to the company’s recent Form 13F filing. This comes as several other institutional investors and hedge funds have adjusted their positions in the financial services provider.

Sei Investments owned 111,857 shares of MarketAxess, valued at $22,431,000, after selling 47,287 shares. Meanwhile, Parallel Advisors LLC increased its stake by 155.8%, Larson Financial Group LLC boosted its position by 2,428.6%, and Blue Trust Inc. lifted its stake by 405.1%. CVA Family Office LLC also saw an increase in its holdings by 47.4%.

Riverview Trust Co. acquired a new stake in MarketAxess during the first quarter, valued at approximately $68,000. Overall, hedge funds and institutional investors now own 99.01% of MarketAxess stock.

In other news, insider Christophe Pierre Danie Roupie sold 617 shares of MarketAxess stock on August 8th, at an average price of $231.63, for a total value of $142,915.71. Insiders currently own 2.66% of the company’s stock.

MarketAxess shares opened at $254.38 on Thursday. The firm’s market capitalization stands at $9.60 billion, with a PE ratio of 37.35, a P/E/G ratio of 6.04, and a beta of 1.07.

The company reported earnings per share of $1.72 for the second quarter, beating analysts’ estimates. MarketAxess generated $197.70 million in revenue during the quarter, slightly below expectations.

MarketAxess’s board has approved a share buyback plan authorizing the company to repurchase up to $250 million in outstanding shares. Additionally, the company declared a quarterly dividend of $0.74, representing a $2.96 annualized dividend and a yield of 1.16%.

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investors and broker-dealer companies worldwide. The company offers trading technology for various types of bonds, including U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, and U.S. Treasury securities.

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